Thursday, May 19th, 2016 add Global Intercontinental Ballistic Missile Market 2016-2020 latest research report, the analysts forecast Global intercontinental ballistic missile market to grow at a CAGR of 5.8% during the period 2016-2020.

According to the intercontinental ballistic missile market report a key driver which is driving market growth is the rise in R& D investments. R&D is a pre-requisite for the development of ICBM systems and maintenance of global competitiveness in the market. Of late, regions like the Americas and Europe have made high investments in R&D and procurement of missile systems for strengthening their border security.

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The global intercontinental ballistic missile market analyst said new trend in this market is the emergence of smokeless missiles. Chemring Defence, a prominent vendor of the market, signed a contract worth over $40 million, with the MOD to develop a multiple-effect rocket system, MERS that can fire missiles without emitting any smoke. The advanced missile system does not allow the detection of the origin of missiles, thereby reducing the risks of enemy attacks."

Global Intercontinental Ballistic Missile Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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This report covers the present scenario and the growth prospects of the global ICBM market for 2016-2020. The report provides a comprehensive overview, market shares and growth opportunities by type (land based and submarine based), and growth prospects by region (the Americas, APAC, and EMEA).

Intercontinental Ballistic Missiles are guided ballistic missiles with a minimum range of 3,400 miles, which are designed for the delivery of one or more nuclear warheads. They have greater range and speed than other ballistic missiles, such as intermediate-range ballistic missiles (IRBMs), medium-range ballistic missiles (MRBMs), and short-range ballistic missiles (SRBMs).

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Key players in the global Intercontinental Ballistic Missile Market: BAE Systems, Boeing, General Dynamics, Lockheed Martin, and Northrop Grumman.

Other Prominent Vendors in the market are: China Academy of Launch Vehicle Technology, Orbital ATK, Rafael Advanced Defense Systems, Raytheon, and Rockwell Collins.

Further, the report states that one challenge that will likely hamper market growth is an increase in defense budget cuts.

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